News

Directors at Portugal’s development bank, Banco de Fomento, have taken up non-salaried positions as executive directors at SOFID. SOFID is a Portuguese financial development institution whose [...]

The Portuguese construction company Mota-Engil saw profits soar by 54% in the first quarter of the year. Bringing in €20 million, it was the company’s best Q1 results in its history. Business [...]

Foreign Direct Investment in Portugal fell €1.1Bn in the first quarter of 2024 according to statistics from the Bank of Portugal (BoP). This was the first fall since the pandemic, despite [...]

Portugal’s ports of Lisbon and Sines have seen an increase in business of 20% in the first two months of the year thanks to the crisis in the Red Sea. Attacks on commercial shipping by Houthi [...]

Interest rates on Portugal’s 10-year sovereign bonds have gone up for bonds with two, five and 10 year maturities by just over 3% for 10-year bonds, similar to increases on national debt suffered [...]

The prices of luxury houses in Lisbon are growing according to the Knight Frank Global Cities Index in which Lisbon comes in 28th place worldwide. Lisbon posted an annual growth rate of 1.8%, [...]

The Portuguese luxury real estate developer Fercopor is to put two residential real estate projects onto the market, both of them in Vilamoura in the Algarve. In a €100 million investment for [...]

More than two years after the Covid-19 pandemic, and despite a return of employees to conventional office spaces, co-working spaces in the Greater Lisbon area continue to boom with a take-up rate [...]

A study on the ‘Impact of IRC on the Portuguese Economy’ has concluded that reducing IRC on companies would have positive consequences for Portugal’s GDP. However, the loss of revenues for the [...]

Portugal’s government can now request €713 million — the third tranche of EU funding earmarked for the Recovery and Resilience Plan (RRP) which had been blocked. According to the online news [...]